Old Fashioned Doughnut Muffins

I'm beginning to think there isn't a thing you can't make into a muffin.  These Old Fashioned Doughnut Muffins really do taste like old fashioned doughnuts!  The remind me of the muffins my mom made for us when I was a kid. 

1/4 cup butter, softened
1/4 cup vegetable oil
1/2 cup sugar
1/3 cup brown sugar
2 eggs
1 1/2 teaspoons baking powder
1/4 teaspoon baking soda
3/4 teaspoon ground nutmeg
1 teaspoon cinnamon
3/4 teaspoon salt
1 teaspoon vanilla extract
2 2/3 cups flour
1 cup milk

Glaze
3 tablespoons butter; melted
1 cup powdered sugar
3/4 teaspoon vanilla
2 tablespoons hot water

Preheat oven to 425 degrees.  Line 18 muffin cups with muffin liners (I live in a high altitude area and can get 18 muffins out of the batter.  The original recipe says it makes 12).  In a large bowl, mix together butter, oil, and sugars until smooth.  Add in eggs and vanilla and beat until well combined.  Add baking powder, baking soda, nutmeg, cinnamon, and salt and mix until just combined.  Add 1/3 of the flour and mix until well mixed, then 1/3 of the milk and mix until well mix.  Repeat with the flour and milk 2 more times (until gone).  Spoon batter into prepared muffin cups and bake for 13 to15 minutes, or until cooked through (the tops will be just golden and the muffins will spring back when you lightly touch them on the top).  Remove cooked muffins from tins and cool for 15 minutes on a cooling rack.  To make the glaze, combine glaze ingredients and whisk until smooth.  Dip muffins in the glaze and let harden slightly before serving.  You can dip the muffins in the glaze a second time, if desired.

Recipe from Sweet Pea's Kitchen.